Pacun

Aligment not working properly. Spaces are trancated for some reason. When answering, please quote me and then you will see figures aligned.

I have a 1099-B from UBS reporting on line 2 (Stocks, bonds, etc. reported to IRS) Showing $11604.21. There is a summary showing short term and long term gains/losses showing: Purchases Sales Gains Losses Net gain/loss Short 301.33 379.19 77.86 0 77.8 long 14,520.15 11,225.00 111.38 -3,406.53 -3,295.15 Total 14,821.48 11,604.19 189.24 -3,406.53 -3,217.29 Can I use this summary and only report 2 transactions on schedule D? one transaction for short term a one for long term? Do you think there is wash sales on this?

Terry, Ask the guy to delete the data and DON'T watch over his shoulder. If the guy wants to make your data talk, he already water boarded it or he already make 10 copies. Don't worry, most computer guys don't have time to see their own data, so they will not have time to see your own.

It seems that this temporary assignment was beyond his tax home and therefore might qualify for mileage.

The idea of the forum is to share. Why don't you share what you found? I don't deal with agricultural returns but it is nice to know. Thank you in advance.

Husband and wife lived and worked in Virginia. House and Rental condominium are also in Virginia. Anyone from Virginia who has dealt with a similar situation?

Husband died in 2008, taxes were always prepared jointly. For 2008 taxes were filed jointly. This year she is going to file as widower with 2 surviving children. No estate is required since the spouse will take over, correct? Their assets are about one million. The mortgage interest on a rental condo reads "for the estate of XXXXX". Should I be concerned?

I missread the original post. I thought he moved from France. I agree with TaxCPANY.

You should file 1040 using world wide income.

Get yourself a windows 2008 server 64 bit with 8 gigs of RAM and make sure your cabling is CAT 6 and all your computers have 1G NICs.

I only prepare taxes as sole proprietorship and I am going to register a business this year. I am inclined to an LLC, but an S corporation would be nice. I get 65% from profits and my friend gets 35% as rent, answering the phones and other clerical work. My partner has the local and does some translation and other stuff. I will continue working with my friend and I would like to know what kind of business entity you are running.

$30 per TP Telephone credit if they had a phone or use payphones for 2006.

I will post on this board all lines listed on the 1099-B tomorrow, but maybe I will start a new post. I am not in the office now, but the way I understand it is that the client had about 20K but since the stock company bought and sold all year, TP's money was recycled and the totals sales were, $142,249.84 and the purchases were 165,658.41. TP will have a loss.

I have a 1099 with a little of dividens, then I have a 1099-B with a lot of sales and purchases. Lines 8-11 have nothing (zero losses or profits). To me, I only have to list the deviden income and nothing else. The previous preparer claimed a loss on similar transactions. Both 2008 and 2009 are very similar (zero losses or profits on lines 8-110). Except that for 2008 it had very few transactions, so the previous preparer claimed a loss on schedule D. PS: I typed this before I saw Grace's answer above.

I have a form 1099-b with line 2 (stocks, bond, etc reported to IRS) $142,249.84 (sales) and $165,658.41 in buys. Nothing on lines 8, 9, 10, 11 where profits and losses are listed. Do I have to report losses on Schedule D? If yes, do I have to group buys and sells by date? Thank you in advance.

I see it the same way you see it. No credit.

Depending on the partnership agreement, you can give guaranteed payments to a partner who performs meaningful or remunarable work for the partnership. Let's say that your partnership teaches English. The instructor who meets with the students is the one who collects guaranted payment. Imagine that this instructor only teaches 2 hours a day and the other partner works 12 hours recruiting and enrolling students. Based on the contract only the instructor that meets with the students is the one who collects money. If the partnership is lossing money, the losses are split 50%/50%. In your case, you shouldn't assigned any guaranteed to the partner who didn't receive anything. So let say that the partnership lost $1000, $500 losses for each partner and 9K guaranteed payment for the one who received guaranteed payments.

Entering the date of bith of the Tax Payer solves this problem.

If I understand correctly, you can issue a 1099misc and file schedule C with a loss.

No matter what you do, you get the same results. The only time you get a different result is when you change from code T to code Q. In reality, code Q is the correct one.

If you are not itemizing the federal return, add 1 dollar withholding for DC for each the w-2 that have 0 withholding. If DC is involved in your case, use any other state. MD takes income from federal, so you would have a problem with MD.

How did the US citizen file in 2008? If filed as married filed jointly or MFS, please amend. If not, please file jointly in 2009 and call it the day.

To solve your problem, look for av.exe services and stop it. Then go to c:\documents and setting\yourname\local settings\application data and delete av.exe. The go c:\windows\Prefetch and look for av.exe or av plus numbers and delete it. If so far, you have found what I said, let me know and I will send you a little program that will fix your registry.

I would deduct it as worthless inventory and take a post dated check as my payment.

Why are you paper filing the federal? Because of the home credit? Because you are requesting an ITIN? or simply because you want to delay the refund? In any event, pretend for a moment that you are leaving out the event that forces you to paper file the federal return. Prepare both the federal and state efile files, but do not piggy back it. The go to efile and send only the state efile file and continue working on the paper federal return.